17,774 Shares in The Brink’s Company (NYSE:BCO) Bought by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC purchased a new stake in shares of The Brink’s Company (NYSE:BCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 17,774 shares of the business services provider’s stock, valued at approximately $1,649,000.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Brink’s by 5.1% during the third quarter. State Street Corp now owns 1,718,765 shares of the business services provider’s stock worth $198,758,000 after purchasing an additional 82,999 shares during the period. Geode Capital Management LLC raised its position in Brink’s by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,046,336 shares of the business services provider’s stock valued at $121,022,000 after purchasing an additional 8,841 shares during the last quarter. Southernsun Asset Management LLC lifted its holdings in Brink’s by 11.0% in the 3rd quarter. Southernsun Asset Management LLC now owns 517,932 shares of the business services provider’s stock worth $59,894,000 after buying an additional 51,128 shares during the period. Wasatch Advisors LP bought a new stake in shares of Brink’s in the 3rd quarter worth approximately $59,308,000. Finally, Franklin Resources Inc. increased its stake in shares of Brink’s by 19.9% during the third quarter. Franklin Resources Inc. now owns 292,468 shares of the business services provider’s stock valued at $32,862,000 after buying an additional 48,482 shares during the period. Institutional investors own 94.96% of the company’s stock.

Brink’s Stock Performance

Shares of BCO opened at $92.57 on Tuesday. The Brink’s Company has a one year low of $79.19 and a one year high of $115.91. The company has a 50-day simple moving average of $92.81 and a two-hundred day simple moving average of $100.57. The company has a debt-to-equity ratio of 8.76, a current ratio of 1.57 and a quick ratio of 1.57. The firm has a market capitalization of $4.04 billion, a PE ratio of 35.06 and a beta of 1.39.

Brink’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 3rd will be given a dividend of $0.2425 per share. The ex-dividend date is Monday, February 3rd. This represents a $0.97 annualized dividend and a dividend yield of 1.05%. Brink’s’s dividend payout ratio is presently 36.74%.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their price target on Brink’s from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Brink’s presently has a consensus rating of “Buy” and an average target price of $120.50.

Insider Buying and Selling

In other Brink’s news, EVP James K. Parks sold 4,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $96.51, for a total transaction of $386,040.00. Following the completion of the transaction, the executive vice president now owns 11,103 shares of the company’s stock, valued at approximately $1,071,550.53. This trade represents a 26.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by insiders.

About Brink’s

The Brink’s Co engages in providing cash management services, digital retail solutions, and ATM managed services. It operates through the following geographical segments: North America, Latin America, Europe, and Rest of World. The North America segment operates in the U.S. and Canada. The Latin America segment refers to the operations in Latin American countries.